NO CASH AT THE PERTH MINT

The cashless revolution has taken over many parts of Australia and it's even hit The Perth Mint. The tourist attraction in Western Australia allows you to buy collector coins, gold, silver and platinum bullion bars, jewellery and other items.

It's slightly different to the Royal Australian Mint in Canberra, which is responsible for producing the nation's change. But The Perth Mint is a hotspot for tourists and avid collectors, and it's not uncommon for crowds to line up outside when rare coins are released to get their hands on the collectables, which can skyrocket in value.

Adelaide resident Chris was one of these tourists, who recently went to the Perth Mint with a friend to buy a collectable coin and was "disappointed" when she was told an Australian location that makes collectible money, won't accept physical currency.

The Perth Mint is Australia's "largest fully integrated, innovative precious metals enterprise" and provides gold, silver and platinum products and services to markets across the world.

It's run by the Western Australian government and is the world's only government-owned and guaranteed precious metals enterprise.

A spokesperson for The Perth Mint told Yahoo Finance the decision to go cashless was not new.

It made the switch in July 2021.

"The cashless payment policy is part of our systems and processes to combat money laundering and other financial crime," they said.

To read the complete article, see:
'Astounding' revelation about Australian mint amid cashless push: 'This is crazy' (https://au.finance.yahoo.com/news/embarrassing-revelation-about-australian-mint-amid-cashless-push-this-is-crazy-022858748.html)

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